Governance – Building Trust between Board and Management

How to support the Board to oversee and allow management to manage, in a “should know” mindset 

The modern director is responsible not for what they are told, but what they should know. This requires 2 key elements: the right relationship with your management and the right information. Without these two elements, the modern board and directors are very exposed to their obligation to act “reasonably”. 

The criminal prosecution against Ardent provides a new chapter in how the modern board needs to operate.

Join this next webinar in the series of “Implementing the Modern Board Pack” to better understand how to build a governance and reporting framework to support a “should know culture”.  Explore the three best practice outcomes in the first pillar of the GovernRight 7 Pillars of Modern Governance that you or your client’s boards can work towards on your Path to Modern Governance

Simon will explore the how to establish the foundation pillar to the support the Modern Board – A Governing Body that understands its role, has the appropriate relationship with its management and has all aspects needed to operate successfully, as a team

A key obligation of any board is to set policy and oversee, not manage. Achieving the right balance in the relationship between board and management is critical to effective modern governance.

Topics in this series will explore how to implement each section of ‘The Modern Board Pack’:

• Implementing the Modern Board Pack
• Building Trust between Board and management  
• Developing your strategic cornerstones to a sustainable business
• Modern Risk Oversight 
• Risk appetite and measuring key performance
• The Power of Measurement to Embed Modern Governance

Learning Outcomes:

This session will cover:

• What is Reasonable “care and diligence” in 2022 and beyond?
• How to build an engaged relationship between board and management;
• Build the culture of the fourth quadrant – a framework on when a board should reasonably put the fingers in
• When the Board should engage to question, challenge or even bypass management;
• The 5 key elements in building a culture of trust between the board and management

Suited to:

Company Secretaries, Company Directors, CEOs, Advisors

This On Demand includes: 

• a recording of the webinar Event which can be viewed multiple times
• a PDF of the presenter’s PowerPoint
• a verbatim Transcript
• any supporting documentation
• a CPD Certificate after successful completion of the Knowledge Quiz